4 Ways Retailers Can Avoid the Costly Issue of Overstocking and Understocking

Overstocking and understocking can result in significant financial consequences for retailers. An IHL Group report estimated that inventory distortion, including overstocking and understocking, cost retailers a staggering $1.77 trillion globally in 2023 due to missed sales opportunities and increased operational inefficiencies. When products are unavailable, 31 percent of consumers go elsewhere, while 24 percent put… Continue reading 4 Ways Retailers Can Avoid the Costly Issue of Overstocking and Understocking

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